Download the mock exam pack
Both PDFs are free — submit your details in the popup to unlock downloads. Attempt the question booklet first; open the explanations only after you finish.
Question Booklet
Full mock paper with candidate details page, instructions, topic map and 90 MCQs. Record answers on the answer sheet at the end of the booklet.
Answers & Explanations
Full answer key, topic-wise scoring sheet, and detailed explanations for every question with the correct option highlighted.
Topic coverage — 10 topics × 9 questions
Equal weight across the Level I topic map used in this mock.
| # | Topic | Questions | Count |
|---|---|---|---|
| 1 | Quantitative Methods | Q1 – Q9 | 9 |
| 2 | Economics | Q10 – Q18 | 9 |
| 3 | Corporate Issuers | Q19 – Q27 | 9 |
| 4 | Financial Statement Analysis | Q28 – Q36 | 9 |
| 5 | Equity Investments | Q37 – Q45 | 9 |
| 6 | Fixed Income | Q46 – Q54 | 9 |
| 7 | Derivatives | Q55 – Q63 | 9 |
| 8 | Alternative Investments | Q64 – Q72 | 9 |
| 9 | Portfolio Management | Q73 – Q81 | 9 |
| 10 | Ethics & Professional Standards | Q82 – Q90 | 9 |
How to sit this mock
Follow the same rules as the booklet so the score is comparable to exam day.
- Time: 135 minutes for 90 questions. Attempt in one sitting with a timer.
- Answers: Choose the single best option (A, B or C). No negative marking — answer every question.
- Calculator: TI BA II Plus or HP 12C only. Formula sheets and notes are not allowed.
- Marking: Fill the answer sheet at the end of the question booklet, then check with the Answers & Explanations PDF.
- Review: Use the topic score table in the explanations PDF to find weak areas before your next timed attempt.
What is inside this CFA Level I mock?
The question booklet opens with candidate fields (name, batch / roll no., date), clear instructions and a topic-coverage table. Questions begin with Quantitative Methods — for example EAR from a quarterly-compounded quoted rate, time-weighted return, geometric mean, portfolio standard deviation, Type I error / significance level, and confidence intervals — then move through Economics, Corporate Issuers, FSA, Equity, Fixed Income, Derivatives, Alternatives, Portfolio Management and Ethics.
The explanations booklet starts with a full answer grid and a score-by-topic sheet so you can convert raw marks into a study plan. Every item then has a worked explanation with the correct choice highlighted.
Prepared by RBei Classes and mentored by Deepak Goyal, CFA & FRM. CFA® is a trademark of CFA Institute, which does not endorse this material.
About the instructor
Deepak Goyal, CFA & FRM
Founder of RBei Classes (2018). Every CFA and FRM batch is taught personally by Deepak Goyal — 17,000+ students across 25+ countries. These mock questions follow the classroom method: concept → calculation drill → exam traps → review with solutions. YouTube: @rbei7928 · WhatsApp: +91 85839 05853.
CFA Level 1 mock exam — FAQs
Ready for a timed Level I session?
Download both PDFs, sit 135 minutes, then review with the answer key.